19.01.2010 - NBIM defends use of active management
From Globalpensions.com: Officials at Norges Bank Investment Management (NBIM), manager for the Government Pension Fund Global, have written to the Ministry of Finance to defend its use of active management, as the future use of the investment strategy comes under question. About a year ago, the Ministry asked the sovereign wealth fund, also known as the oil fund, to evaluate the use of active management within its portfolio. The request came after the fund posted its worst results in history in 2008 with a 23.3% loss.....................................Full Article: Source
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